Investment Themes

Serial buyers

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Investment Themes

While most M&A transactions destroy shareholder value, some companies led by brilliant leaders stand out by making accretive acquisitions.

These companies are particularly rare on the stock market, but once you've found them, it's usually in your interest to hold on to them for the long term. Executives who excel in capital allocation and accretive financial transactions are able to generate high returns on investment while boosting their company's growth.

This thematic list aims to identify the leading serial acquirers, those with a track record of successful acquisitions, mergers and integrations.

Our selection

Basic Materials
Specialty Mining & Metals Wholesale
1.13B +16.18%
Industrials
Other Construction & Engineering
62.38B +86.08%
Technology
Technology Consulting & Outsourcing Services
4.09B -15.52%
Industrials
Testing & Measuring Equipment
10.82B +75.76%
Technology
Other IT Services & Consulting
10.33B -18.64%
Technology
Enterprise Software
6.15B -16.80%
Technology
Application Software
87.76B -35.84%
Technology
Other Semiconductors
1,851B +13.92%
Healthcare
Other Advanced Medical Equipment & Technology
134B -31.32%
Financials
Investment Management
3.9B -20.67%
Industrials
Other Electrical Components & Equipment
786M +87.50%
Consumer Non-Cyclical
Supermarkets & Convenience Stores
31.35B +46.28%
Technology
Enterprise Software
41.1B -19.07%
Healthcare
Medical Imaging Systems
125M +2.79%
Technology
Other IT Services & Consulting
3.85B -20.40%
Industrials
Industrial Machinery & Equipment Wholesale
12.1B +27.60%
Healthcare
Home Healthcare Services
1.98B +2.59%
Industrials
Other Aircraft Parts Manufacturing
40.19B +8.65%
Technology
Other Communications & Networking
2.52B +16.42%
Industrials
Industrial Machinery & Equipment Wholesale
12.23B +27.86%
Technology
Other Software
5.37B -27.21%
Technology
Other Semiconductors
278B +73.61%
Technology
Other Electronic Equipment & Parts
18.14B +2.54%
Industrials
Other Electrical Components & Equipment
53.62B +13.74%
Technology
Testing Services
1.15B -28.02%
Technology
Integrated Circuits
1.46B +56.69%
Industrials
Other Construction & Engineering
2.82B +51.31%
Real Estate
Other Real Estate Services
6.66B -3.22%
Industrials
Other Business Support Services
6.77B +30.11%
Energy
Gasoline Stations
59.15B +18.70%
Industrials
Other Electrical Components & Equipment
2.14B +11.05%
Industrials
Industrial Machinery & Equipment Wholesale
64.73B +35.91%
Consumer Non-Cyclical
Consumer Goods Conglomerates
5.19B +13.91%
Technology
Integrated Hardware & Software
1.68B +7.35%
- - 45.51B -
Consumer Cyclical
Construction Supplies & Fixtures Wholesale
45.51B +3.54%
Technology
Other IT Services & Consulting
144M -32.03%
Technology
Other Software
12.7B -33.14%
Industrials
Building Contractors
1.08B +50.70%
Technology
Other Software
208M -27.97%
Industrials
Industrial Machinery & Equipment Wholesale
52.49B +13.03%
Industrials
Diversified Industrial Goods Wholesale
9.45B +4.09%
Technology
Application Software
34.98B -21.71%
Technology
Other Electronic Equipment & Parts
28.87B +22.21%
Industrials
Other Environmental Services & Equipment
22.57B -8.80%
Industrials
Electric Equipment Wholesale
13.16B +16.64%
Consumer Cyclical
Other Auto Vehicles, Parts & Service Retailers
3.96B -6.06%
Industrials
Diversified Industrial Goods Wholesale
11.69B +30.92%
- - 5.45B -
Consumer Cyclical
Automotive Parts & Accessories Retailers
49.5B -12.41%
Industrials
Industrial Parts & Components
1.81B -2.69%
Industrials
Diversified Industrial Goods Wholesale
49.53B +17.55%
Industrials
Diversified Industrial Goods Wholesale
82.22B +2.39%
Industrials
Diversified Industrial Goods Wholesale
45.87B +17.81%
Consumer Cyclical
Beauty Supply Shop
34.4B +35.79%
Industrials
Industrial Machinery & Equipment Wholesale
663M +7.18%
Industrials
Diversified Industrial Goods Wholesale
4.69B -15.88%
Consumer Cyclical
Other Miscellaneous Specialty Retailers
16.02B -39.67%
Technology
Electronic Component
854M +11.00%
Consumer Non-Cyclical
Consumer Goods Conglomerates
15.71B -6.88%
Basic Materials
Wood Products
3.07B -7.20%
Healthcare
Other Medical Equipment, Supplies & Distribution
221M -6.77%
Basic Materials
Other Specialty Chemicals
5.44B +21.79%
Technology
Other Internet Services
11.3B -57.63%
Industrials
Other Industrial Machinery & Equipment
8.27B -9.40%
Industrials
Air & Gas Compressors
92.13B +12.53%
Healthcare
Other Advanced Medical Equipment & Technology
198B -7.62%
Industrials
Industrial Machinery
15.98B +19.69%
Industrials
Other Industrial Machinery & Equipment
28.84B +8.72%
Healthcare
Hospitals, Clinics & Primary Care Services
1.07B -8.59%
Financials
Other Holding Companies
362M -14.08%
Technology
Application Software
1.54B +11.17%
Consumer Non-Cyclical
Consumer Goods Conglomerates
7.23B +36.18%
Industrials
Diversified Industrial Goods Wholesale
82.18B -2.30%
Industrials
Industrial Machinery & Equipment Wholesale
8.46B -14.07%
Industrials
Diversified Industrial Goods Wholesale
102B +27.16%
Consumer Cyclical
Leisure Products Wholesale
7.66B -11.53%
Healthcare
Other Advanced Medical Equipment & Technology
102M -33.62%
Healthcare
Other Medical Equipment, Supplies & Distribution
2.07B +4.27%
Industrials
Heating, Ventilation & Air Conditioning Systems
15.17B +14.93%
Industrials
Heating, Ventilation & Air Conditioning Systems
7.38B -4.23%
Consumer Cyclical
Copyright Management
360M -0.54%
Consumer Cyclical
Other Construction Supplies & Fixtures
37.93B -8.05%
Industrials
Pump & Pumping Equipment
4.23B -24.84%
Consumer Non-Cyclical
Consumer Goods Conglomerates
78.33B +10.19%
Energy
Other Oil Related Services and Equipment
1.79B -29.14%
Industrials
Other Aircraft Parts Manufacturing
67.98B -7.34%
Technology
Other Electronic Equipment & Parts
22.2B -26.76%
Industrials
Heating, Ventilation & Air Conditioning Systems
7.54B +2.25%
Consumer Non-Cyclical
Consumer Repair Services
2.68B -36.51%
Financials
Insurance Brokers
23.22B -16.11%
Industrials
Civil Engineers & Architects
1.17B -19.83%
Technology
Computer Programming
612M -62.69%
Healthcare
Veterinary Drugs
31.05B -40.76%
Healthcare
Veterinary Drugs
1.69B +3.82%
Industrials
Other Business Support Services
356M -18.25%
Consumer Cyclical
Auto & Truck Parts Wholesale
287M -13.17%
Consumer Non-Cyclical
Consumer Goods Conglomerates
1.63B -20.29%
Consumer Non-Cyclical
Other Food Processing
15.03B +6.22%
Industrials
Commercial Equipment Rental
66.77B +29.40%

News of the components

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Sector allocation

Ratings chart - Surperformance

Ratings ESG MSCI